Latest
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Proposed Hardship Rule a Brazen Attempt at Student Debt Cancellation
Read moreToday the Department of Education officially proposed regulations related to cancelling student debt due to “hardship.” It contains two provisions...
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The Impact of the Trump and Harris Plans on Spending and Revenue
Read moreIn our recent analysis, The Fiscal Impact of the Harris and Trump Campaign Plans, we found that the campaign policy plans from both Vice President...
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IRS Estimates a $606 Billion Tax Gap for 2022
Read moreThe Internal Revenue Service (IRS) recently published its projections of the “ tax gap” – the difference between taxes owed to and collected by the...
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Tim Penny and Maya MacGuineas: What if they held an election and a budget process broke out?
Read moreTim Penny is co-chair of the Committee for a Responsible Federal Budget and a former representative from Minnesota and Maya MacGuineas is president of...
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CBO Estimates Medicare Coverage of Weight-Loss Drugs
Read moreIn a much-anticipated release, the Congressional Budget Office (CBO) published projections estimating it would cost Medicare an additional $35 billion...
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PBM Reform on the Horizon
Read moreIn recent years, lawmakers have increasingly focused on reforms to Pharmacy Benefit Managers (PBMs) — the intermediaries owned or hired by insurance...
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The President Should Stop Borrowing Through Executive Action
Read moreThis week, a Missouri court will hear oral arguments in a case challenging the legality of President Biden‘s student debt income-driven repayment plan...
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What Would the Trump Campaign Plans Mean for Social Security?
Read moreThe Trump campaign plans would increase Social Security's ten-year cash shortfall by $2.3 trillion, make the program insolvent by 2031, increase...
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Bipartisan Group of Lawmakers Introduce Employee Retention Tax Credit Repeal Act
Read moreIn response to concerns over fraudulent claims over the past few years, Senators Joe Manchin (I-WV), Mitt Romney (R-UT), and Thom Tillis (R-NC)...
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Fiscal Year 2024 Ends with $1.8 Trillion Deficit
Read moreThe U.S. Treasury Department today released the final Monthly Treasury Statement for Fiscal Year (FY) 2024, confirming the budget deficit totaled $1.8...
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House Lawmakers Reintroduce Debt Ceiling Reform Legislation
Read moreOn September 20, Representatives Scott Peters (D-CA) and Bill Huizenga (R-MI), Co-Chairs of the Bipartisan Fiscal Forum, reintroduced the Responsible...
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Plans to Address TCJA Expirations
Read moreUPDATE (October 2024): This piece has been updated for several plans in Peter G. Peterson Foundation’s Solutions Initiative 2024 . With large parts of...